Donald Trump-themed meme coin TRUMP plummeted on Thursday. After the former president was found guilty Falsifying business records. After the ruling, the token fell by 35%. Meanwhile, Jo Boden, a meme coin inspired by President Joe Biden, soared 20%. But TRUMP soon recovered, rising nearly 50% to under $17, according to CoinGecko data. This figure is much higher than before the ruling. The current price of TRUMP is $14.39, up more than 11% in the last 24 hours. On Polymarket, a blockchain-based prediction market, traders continued to bet on Trump defeating Biden in the November election. Even after the ruling,…
Author: Crypto Flexs
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The largest cluster of open interest for Ethereum options is currently the $5,000 call expiring at the end of June, indicating a bullish outlook with traders taking positions using call spreads between $4,000 and $5,000 to hedge against a potential price rise. analysts said.“An examination of derivatives data shows that the highest open interest on Ethereum currently is the June $5,000 call option,” Rachel Lin, co-founder of SynFutures, told The Block.This observation is supported by data from the Deribit derivatives exchange. The largest concentration of Ether options open interest is the call option with a strike price of $5,000.Bullish call…
Caitlyn Jenner’s cryptocurrency involvement continues to attract attention. The celebrity is known to have made huge profits through multiple token launches. In the meantime, $Jenner launched a new blockchain. It has been reported that American journalist Caitlyn Jenner has recently reaped great results from her cryptocurrency exploration. A day after revealing how American-born Nigerian singer Davido poured millions of dollars into his new token, earning $474,400 in profits just hours after launching it, Lookonchain has released another revelation . The on-chain analytics firm detailed how Jenner “purchased the memecoins he launched and sold them for a profit.” 12 Memecoins launched…
Victoria, Seychelles, May 31, 2024, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, participated in MEMECON, one of the five major events of NFC 2024. MEMECON was held May 28-30 at Pavilhão Carlos Lopes in Lisbon. The event will bring together enthusiasts and experts with a specific focus on meme coins and meme NFTs, providing a comprehensive experience including a conference, expo, stage presentations, and hackathon. MEMECON Lisbon is the world’s first meme-themed conference, attracting over 5,000 attendees. The event featured keynote speeches, panel discussions, and interactive exhibits on the topic. The conference also received support from other influential…
World Assets Ltd., a subsidiary of the Worldcoin Foundation, announced the extension of lending agreements with five trading companies, which will result in 10 million Worldcoin (WLD) tokens being distributed by June 14, 2025, according to Worldcoin.Loan contract extensionThe loan agreement, originally scheduled to expire on June 14, 2024, was concluded on December 16, 2023 and involved five trading entities operating outside the United States. Under these agreements, each company received a loan totaling 10 million WLD tokens. The extension keeps all other terms unchanged, meaning the company must return the entire loan amount by…
On May 31, 69,000 Bitcoin options worth $4.7 billion and 920,000 Ethereum options worth $3.5 billion will expire. The expiration of cryptocurrency options contracts has historically been associated with price volatility in the cryptocurrency markets.Source: GreecesLiveAccording to Derbit data, the put/call ratio for expired Bitcoin (BTC) options is 0.61. This means that there are more calls (or long contracts) expiring than puts (or sales). On the other hand, the put/call ratio for Ethereum (ETH) options was 0.46.Put/Call Ratio (PCR) is a technical indicator that reflects traders’ market sentiment. A PCR below 0.7 is considered a strong bullish sentiment, while a…
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Bloomberg ETF analyst Eric Balchunas said: May 30th A US spot Ethereum ETF could launch in June as BlackRock and Grayscale filings are updated.Balchunas said there was a “legitimate possibility” that a spot Ethereum ETF would launch by the end of June. He added that the launch in early mid-June was “long-range.”Balchunas said the latest he expects the product to launch is July 4.Balchunas’ expectations are influenced by the timing of the issuer’s S-1 statement. He noted that BlackRock’s May 29 S-1 amendment did not include fees and other important data, making it “next to the final version.”Grayscale also filed…
Bitcoin (BTC) will not enjoy a “sustainable breakout” until it hits all-time highs starting in 2021.In a May 31 analysis of$69,000 remains the do-or-die BTC price level.Bitcoin is heading towards its May monthly close, but a bigger fight continues.Almost three months since the recent all-time high of $73,800, BTC/USD has failed to revisit that level and continue its price discovery.Given the current position of sell-side liquidity in the order book, Alan is not at all surprised by the status quo.“If you’re surprised to see where the resistance is, you’re not paying attention,” he summarizes.“Until BTC bulls can validate the R/S…
Searching for the perfect cryptocurrency trading app can feel like looking for a needle in a digital haystack. After personally reviewing 28 different platforms, I’ve zeroed in on what makes some stand out from the pack.Let’s explore this together, armed with real user reviews and feedback, to find your perfect match. Ready to get started?Key TakeawaysUser feedback helps find reliable crypto trading apps by highlighting security, ease of use, and fees.Crypto trading apps like Coinbase and Binance are praised for their user-friendly interfaces and strong security measures.Decentralized exchanges offer control and low fees, while centralized ones provide speed and customer…